Question: Please see below. These are true or false items. I believe my answers are correct but I would like to get a second opinion. Question




Please see below. These are true or false items. I believe my answers are correct but I would like to get a second opinion.




Question 1 (1 point) Saved The opportunity cost of unemployment is the output that could have been produced by the unemployed workers. True False Question 2 (1 point) Saved Children and retired people who do not work are officially counted among the unemployed. True False Question 3 (1 point) Saved To be classified as unemployed, a person must be without a job, currently available to work, and actively looking for work in the previous four weeks. True FalseQuestion 4 (1 point) Saved The labor force is the number of employed plus the number of unemployed. O True False Question 5 (1 point) ~ Saved The unemployment rate is the percentage of the total adult population without jobs. True False Question 6 (1 point) Saved Discouraged workers includes those that are trained or skilled for one type or level of work who are working in a lower paying job or one that does not utilize their skills. True FalseQuestion 7 (1 point) . Saved Underemployed includes those who have stopped looking for employment and, hence, are no longer counted in the unemployed also fall into this group. True False Question 8 (1 point) Saved The labor force participation rate is the percentage of adults in an economy who are either employed or who are unemployed and looking for a job. True False Question 9 (1 point) Saved Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards. True FalseQuestion 10 (1 point) Saved The unemployment that occurs in the meantime, as workers move between jobs, is called cyclical unemployment. O True O False
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